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not changed. let's be clear. congress has the responsibility and the authority to raise the debt ceiling. congress must do its job. it is important as we approach the deadline that people understand we're talking about. sometimes the language of the use in the phrases we use make this a lot more mysterious for average folks out there that needs to be. raising the debt ceiling is authorizing congress to pay the bills it has racked up. this is not about future spending. this is about you going to the store and charging some goods on your credit card. you pay the bill. the byner states has always paid its bills. congress has the responsibility and authority to do that. the president will not negotiate over it. let me go to reuters. jack lew was [inaudible] he worked for a group [inaudible] what that not raise flags for any treasury secretary? >> you are trying get me to about an announcement the president has not made. i will leave it to the president to announce his next treasury secretary. his record has and continues to be stellar. he is that rare person in washington has been here for y
-around congress on the debt ceiling? humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at liberty mutual insurance. responsibility. what's your policy? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. >> bret: 11 people were hurt when a commuteer ferry slammed in a dock in the financial district. it happened at the pier in southern manhattan. 330 passengers and crew were aboard the ferry. around 50 suffered minor injuries. no word yet on police say the ferry crew passed alcohol-breath tests. house democrats throw out the first jab in what is expected to be a political fistfight over the debt ceiling. the president has the authority to circumvent congress and raise the bar rowing limit on its own. -- wor rowing limit on his own. the >> reporter: the battle over raising the debt ceiling, h
the responsibility and the sole authority to raise the debt ceiling and congress must do its job. and i think it's important as we approach to the deadline of the debt ceiling that people understand what we are talking about. because sometimes the language we use and the phrases we use here in washington make this a lot more mysterious for average folks out there than it used to be. raising the debt ceiling is simply authorizing congress to pay the bills that it's already racked up. this isn't about future spending. this is about you going to the store, the department store, and charging some goods on your credit card. you've made those purchases. the bill comes. you pay the bills. you don't tear it up and decide you're not going to pay it unless you get what you want from store management. you pay your bills. and the united states has always paid its bills. congress has the responsibility and the authority to do that, and the president will not negotiate over it. let me go to -- >> -- treasury secretary when jack lew was head of omb, department of energy, solyndra he worked for a group that cou
a problem with congress. i've got a problem with the debt ceiling. let me pick a guy who almost all sides agree is one of the foremost experts when it comes to the budget. >> rick, what do you think? jump in here. >> well, you know, carlton college, harvard, '73 and a to tip o'neill, a former lifer bureaucrat here. instead of someone like a jamie dimon, and i think steve is absolutely right. i don't think there's a human being on the planet who knows the current budget and its issues better than jack lew which is exactly the reason i would say he's absolutely not my first choice for the job or the fifth guy in line to be president should anything happen to the other four because i think he's going to have a parental relationship, so to speak, with the budget and its process in trying to change it, and i think that that paternal instinct is going to be defending it versus, you know, actually trying to make a difference. looking at the budget even though we technically haven't had one. we've had continuing resolutions. i think we need someone that will look at frankenstein monster called th
to a big start by taking the week off. >> not just the debt ceiling, but there is also the sequester. >> republicans are not going to play ball in the sequester. >> this is packed with responsibility. >> republicans are saying they have leverage. >> we have to use whatever leverage we have. >> what happens to the leverage? >> actually, misunderstanding the situation. >> a different set of nuts. >> i'll go back to my original question. >> i know what your question is. >> how far are you willing to take this strategy. >> would you rule out a government shutdown? >> i helped close the government twice. i think that is a dead loser. >> hopefully we don't get to that point. >> a place for politics. >> well, i got 98% of what i wanted. i'm pretty happy. >> the republican party losing streak continued today as a new poll shows that republicans also lost in the public perception of the fiscal cliff negotiations. "the was post" shows that 30% approve the way house speaker john boehner handled fiscal cliff negotiations, 56% don't approve, 53% approve the way president obama handled negotiation
to raise the debt ceiling. we can and should negotiate over how we continue to reduce our deficits in a responsible and balanced way. but we should not play chicken with the full faith and credit of the united states. >> the treasury department estimates that if the debt ceiling is not raised, the united states may just hit that ceiling by midnight on valentine's day, five weeks from today. but congressional republicans might, they just might be ready to blink. here is republican senator ron johnson of wisconsin on fox news this afternoon. >> what about the debt ceiling deadline -- would you go through that, risk shutting the government down? >> we don't have to do that, we should not be playing this -- >> i know that, but what would you do? >> again, that is a hypothetical situation. >> senator mitch mcconnell evaded question after question about raising the debt ceiling on monday. >> it is a hostage worth ransoming, is that the strategy you would ransom that again here, to force the kind of spending cuts that you think are necessary? >> it is a shame we have to use whatever lever
benefits. who can blame you? the aarp demand congress not touch benefits as it discusses the debt ceiling. there is said general agreement social security is not the most troubling program for the president calls it structurally sound but others maintain it is stable. but to academics from dartmouth say that may not be the case. they say the security administration under estimates how long they will live in under estimate as much as $800 billion short and the fund will run out of money before the government even says with people giving up smoking and eating better that live longer and demand benefits longer. forecasting has barely even changed since 1935. 77 years we do it the same way. to ignore the future social security is a big mistake now spending $49 billion more of benefits and to cover the shortfall people age 65 and over will reach 80 million and 2040 social security payments will jump 70% in the decade ending 2011. it is a system that is broken and raising the retirement age are tweaks that need to be made to see if congress has the stomach for it. what do you think? drop me an
ceiling, dom congressional democrats say the president does not need to go through congress at all. you can imagine how that is sitting with congress and republicans. the state of business in america. we will find out where we are from the u.s. chamber of commerce president tom donahue. "special report" from washington starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> kimberly: it's confirmed. cyclist lance armstrong will sit down with oprah and it could be confess about the doping scandal. that is later this month. in the meantime, there are serious allegations out today about whether or not armstrong tried to intimidate people investigating the doping allegation. the ceo of the u.s. anti-doping agency talking to scott pellier in interview. >> was lance armstrong involved in intimidating the other rider tos keep them quiet? >> he was. it was tough. all the witnesses were scared. of the repercussions of them simply telling the truth. >> what could lance armstrong do to them? >> incinerate them. >> kimberly: wow! he has superpowers? then what did
with brinkmanship on this particular issue. melissa: doug, how serious is it to hit the debt ceiling? what really happens? do we suddenly default? do we stop paying certain parties? what happens? >> this is --. melissa: i'm sorry. i said that to doug real quick. >> okay. >> i mean i would say two things. first, have to point out there is lot of uncertainty in these projections. i made lots of them. many turned out to be badly wrong. that is just part of the business but we shouldn't flirt with the debt ceiling at all. to run up against the debt ceiling is to effectively send a default signal to the rest of the world. there is lot of talk you could pay some bills and not others but in effect you could pay interest and social security and things like that, but you couldn't pay the troops. you couldn't pay for roads, bridges, basic research, education. simply nothing to flirt with. you would either scare the international community to death or deprive people of basic services. we should have an agreement. that we shouldn't do anything but raise the debt ceiling. we should have an agreement we should
with this debt ceiling and people are starting to talk about cutting back medicare, which is the better bargain? and which is better for the people who need it? >> well, at the end of the day, if you have a medication that can improve the lot of people with these terrible diseases, that is a lot cheaper in the long run than paying for all of the hospital care and other care that you're going to need down the road as these people have their chronic conditions. in fact, investing in good medicines that really deliver value to the patient is an economically important way to go. that's a smart way to go. >> and it has to be the same for cerebral palsy, i have to believe. you've got a 20-person trial going on right now. you don't know what the results are. but 400,000 people have this. if you have a pill that could make people to be more physically in control of their lives, i have to believe that's a bargain for america and it's great for the people. >> couldn't have said it better myself, absolutely. >> now, how about epilepsy. where are we? because when i see someone buying a compound for another
billion. >> what i asked is can we trust congress to do the right thing when it comes to the debt ceiling? seventy-seven% of the people say washington d.c. is hurting the nation. folks are on to the game how likely is you can solve the debt ceiling issue and also save money? >> that will complete the depend on everybody coming to the table. we have the senate that things one thing in the house that thinks something different to. and tell there on the same page it is tough. the senate has not passed a budget in four years? it makes it difficult to do a budget agreement. so we have to get to the table. our hope is they will put out a budget. >> congressmen where should we cut spending? >> start with everything from 2007. we spend $1 trillion more per year than 2007 with a bunch of small items say why has this increased in five years' time? 2007 inflation-adjusted we would be almost in balance right now. we talk about 100 billion but we're at one point* $1 trillion. so get every single item whether it is free cell phones or in panama programs. gerri: is in the entitlement programs front and
ready to face off with congress over the debt ceiling, gun control and immigration. the latest on a grew some murder trial underway in phoenix right now for the woman who claims she shot her boyfriend, stabbed him over and over again and slit his throat but all of it, she says, was self-defense. >>> plus, could diet soda cause depression? we'll talk to dr. manny. it is all "happening now." jon: a lot of news to get to today but we begin with this fox news alert on a brand new outbreak of a fast moving and very contagious disease. good wednesday morning, everybody. i'm jon scott. jenna: we're talking about a new strain of norovirus first emerging in australia. known because of that acid any 2012. now it is hitting the united states in 2013. adam housley has more on all of this. what is going on? >> reporter: this is being watched all across the country. this is flu season and flu outbreak numbers have gone up across the country. this is not flu. a norovirus, gastrointenstinal virus. when you have a new strain goes up by 50%. this strain first showed up on the scene in australia back in se
the debt ceiling. >> it is congress' responsibility to ensure that the bills congress racked up are paid. >> reporter: just one of several looming showdowns as the president prepares to kick off his second term. >> what you're seeing is a more aggressive barack obama, someone who is looking more at polishing what his place in history will be, the mark he wants to leave on the country in the next four years. and that, in some ways, means a more contentious relationship with congress. >> reporter: and some serious people, matt, are floating an idea to try to avoid that debt ceiling crisis, proposing that the treasury department mint a platinum trillion dollar coin. you would put that coin away in the federal reserve and then if necessary, you would spend it to help pay off the money that the u.s. owes. if that did happen, an idea some would call ridridiculous, you wd hate to be the person to put that coin in the million dollar meter. >> not a good thing, peter. thank you. >>> new jersey governor chris christie made some headlines recently when he called out gop republicans for postponing a
, no consideration of gun laws it's all about cuts, we're holding up the government on the debt ceiling for the continuing resolution. i think we're going to have an even more difficult 113th 113th congress than the do-nothing 112th congress at that the 112th congress was the nader of congresses. not ralph. eric can't tore wanting to step up it's a shakespeareen type thing. >> cenk: congress has a 9% approval rating. head lice and cockroaches are more popular than congress. do you have a sense from your colleagues obviously you're a democratic you want to discuss gun control. twenty murdered kids, apparently as far as they're telling you didn't do it, they're not going to bring it up. a congresswoman getting shot in the head didn't do it. massacre after massacre didn't do it. is there any amount of murder and mayhem in this country that would actually push the republicans to schedule a vote on this in the house? >> i don't see it, because i really think the republican house membership and the caucus is so far out of touch it's not anything like republicans used to be that were an altern
with immigration, it has to deal with what one hopes gun issues, with the debt ceiling, they are their band is not broad enough for them to undertake another major examination of something where they will say, hey we just did that. let's see how it plays out. you also don't have a consensus right now. truth be told, i don't think the votes are there to revisit these issues. you have a republican block that wouldn't go for anything stronger and a lot of democrats that wouldn't be there. i don't think we will get new legislation. we may get rule making but another legislative effort i don't think that will happen. >> the think about the sec, something that has come out recentlied, the sec has asked for corporations to release how -- what their political activities are. >> it's funny, i have been calling on shareholders to make the same demand of corporations for many years. one of the things, in the last moment here, i think ownership trumps regulation. we own these through our pension funds, the endowments universally have shares, mutual funds which we invest
on the floor of the senate after the newtown tragedy. keep in mind, there is a lot on the plate for congress. they have not only those spending cuts that were delayed as part of the fiscal cliff, they have the debt ceiling to deal with and now these nominations of chuck hagel and john brennan over to the defense department and cia. so now, it is a question of how much time they have, but a lot of people will be watching, does harry reid make that time? >> some states are taking this one step further, proposing state laws that would make it criminal for a doctor like yourself to ask a patient. you could lose your medical license for asking, is that correct? >> yeah, it was even more than that in the original version of the bill down in florida, for example. and there are seven other states like this. the original version is that you could impose jail time for simply asking. so a physician asking a patient about guns could land them in jail, according to the original version. there was a scaled back version that was subsequently put forward, that you could still lose your medical license, you
about the debt ceiling on cnn. take a look at this. >> in the coming weeks congress will once again grapple with america's spiraling national debt currently around $16 trillion. the exact figure is calculated constantly by the national debt clock, a clock, costing nearly $4 bill per day to operate the national debt clock is the cause of most of the national debt. more news after this. >> i didn't know that. $4 billion to operate the clock. >> that's why letterman said let's just unplug the clock and we'll solve the whole debt problem. very, very funny. >>> now to a story that's not so funny and causing a lot of concerns. boeing's groundbreaking 787 dreamliner was delayed for years because of produced trouble. now the company is dealing with two new 787 incidents in the past two days. >> boeing's stock is falling after the latest problems with the dreamliner. as mark strassmann reports, one of those jets sprung a leak yesterday before takeoff. >> reporter: as the boeing 787 dreamliner taxied to the runway approximately 40 gallons of fuel leaked from the aircraft
nervous when people say we don't re-up the debt ceiling? >> well, i think they should tell the president, why don't you allow a budget to go formwad instead of blaming the republicans for saying we won't raise the debt limit. i know this can be a difficult financial issue. and congress and republicans need to be sensitive to it. i'm aware of that. i would say that if the result of some temporary period of dispute results in real spending limitations putting the country on a sound financial path don't you think the world would feel better about america would we ever get our house in in order? >> some time in our life time there has to be some spending e restrai restraint. let's go back to our panel. blake, i want to hear you defend the senate democrats who haven't put a budget up in 150 days. >> i think the idea that he is going to use the debt ceiling to ill elicit this budget is scary. bringing this budget through to expose deficit spending, that is something that democrats will remind voters, but the idea that we are going to use the debt ceiling is scary. the senators said wouldn't i
not paying your credit card bill. it is a bill that congress voted for to raise the debt ceiling. host: we will get a response. chris chocola. the club for growth -- guest: we do not support many of the tax loopholes that the corporations enjoy. we think the government should not write into the tax code winners and losers. we wanted to get rid of the ethanol credit. as far as corporate tax rates, there is an argument that corporates do not pay taxes, consumers do. they pay the embedded cost of the tax. we compete in a global economy. you have to compete with other countries and the total cost of doing business in those countries. it is not an ideological thing. it is a competitiveness and math thing. how do u.s. corporations compete in the global market? there is more wealth created in america, and that is a good thing. pat toomey was president of the globe for -- of the club for growth. pat toomey is a great american. we're very proud of his service in the u.s. senate. we think he will provide some leadership as we go into these tough debates and the sequester, which has been kicked down
, okay, now, the debt ceiling is off the table, not going to negotiate it -- >> because it's spent, right? $16 trillion national debt. that's money that has been committed by congress. it's been committed by the very people who will fight over whether we should pay the bills. you go ahead, say congress committed this money. february 15th, interesting on the debt. 9 billion coming in $52 billion has to be paid. >> $2.5 trillion revenue coming into an annual basis, which equals what we spent in 2005. so you have to increase the debt ceiling because we continue to run deficits. >> so we need a budget to move forward. >> how about do that with the senate? >> we haven't had a budget for four years? >> christine, the only time we've produced fiscal restraint in this country, the messy debate over the last debt ceiling. when president obama doesn't even talk about it any time the president comes to congress and asks for additional debt benefit on the backs of our children and grandchildren, we need to have the debate. it should go on and on and on until we resolve the issues. >> you are around f
away from the debt ceiling and avoiding another showdown with republicans. this isn't some pie in the sky plan devised by economic wonks or sci-fi fans, it actually has supporters in congress. specifically new york democratic congressman jerry nadler who has proposed bringing the idea to the floor to use as a bargaining chip saying it sounds silly but it is legal and it would normally not be proper to consider such a thing except when you're faced with blackmail to destroy the country's economy, you have to consider things. well put. joining me now is our own platinum panel starring professor at brown university and current contributor trisha rose, forbes contributor rick unger and editor at-large for "huffington post," nick. thank you all for joining us tonight. there is a lot to cover here. i want to start with you mr. unger, since you're the guy from forbes. a trillion dollar coin. i seem to recall a simpsons episode about this. >> i wouldn't be surprised. we were talking earlier. i think what we need to do is make 16 of them. it will get us out of debt. we'll have $16 trill
and here we are. >> doofi? >> stephanie: for the debt ceiling hostage crisis, whatever [ whatever! ] >> yeah, they keep making these artificial rubber sharks for us to be scared of on the universal ride they run us through. here's the next giant -- it has a thing that stops from actually biting you and then goes splash again. they're famous for that kind of stuff. the problem is everyone loves the universal ride. they want to go on it again. no, we don't need to do this ride anymore. a lot of fake stuff coming out of what we need to be worried about. i think a lot of people are waking up to it. >> don't have to worry about the fiscal ice tunnel that spins around. >> stephanie: i think they're going to cave. i think they're bluffing again. made you flinch thing. >> i'm so used to it now i just do this. >> stephanie: josef in buffalo, you're on with rick overton. >> caller: stephanie. hi. i'm a gay born again christian. god bless all of you at current tv. >> stephanie: thank you. >> caller: remember the big tobacco lobby? >> stephanie: yes. >> caller: the big tobacco lobby fell. the
over the debt ceiling and this has led some republicans and some upgrade groups as well to advocate that where the congress should try to resolve this issue on its own using what they call regular order. i think what they mean by that is that the congress should go ahead, pass a budget resolution, how that resolution contained reconciliation instructions, which is a fancy phrase for having a tall various committees how much revenues to raise her how much to slow down the purpose then they and maybe to put something horrible and it, what will happen if they don't follow through. we saw how well that worked with the super committee. there's two basic problems with this approach. one is there simply isn't enough time. i suppose they could give themselves more time they temporarily raising the debt limit, post posing the sequester yet he could and extending the cr. but that would be extreme can kicking. but even if they give themselves more time, the congress as a whole hasn't passed a budget resolution must both the house and the senate passed around and the senate hasn't done that for
are looking a sequestration, the debt ceiling limit, and we do not know what is in store for our state budget, much less states around the nation because we do not know what congress indeed administration is going to do as they work together to find resolution for the big issues facing our nation, and certainly the debt and the deficit itself. at nga, we have not taken an official position other than to say we have a website shares information. we talk almost weekly about the different options available. i talked about insure oklahoma, and how that has worked well. it is one of the options we are looking at. that is why i mentioned we need the flexibility in oklahoma to sustain a program that is currently working in my state. >> thank you. i was hoping you could expand on the tax reform task force, maybe outlined the goals, and also you mentioned preserving taxes for infrastructure investment. maybe you could expand on that, and what steps you are taking right now is congress talks about sequestration. >> the tax reform task force is being led by tom corbin, -- tom corbett, the governor of pe
Search Results 0 to 29 of about 30 (some duplicates have been removed)